According to the Cyprus Income Tax Law the dates of submission and payment of the provisional tax for the year 2021 are as follows:<\/p>\n
| \n 31\/07\/2021 <\/strong><\/p>\n<\/td>\n Submission of return and payment of 1st installment<\/p>\n<\/td>\n<\/tr>\n 31\/12\/2021 <\/strong><\/p>\n<\/td>\n Payment of 2nd installment \u2013 last day of revision of provisional tax (if needed)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n <\/p>\n \u03a5\u03c0\u03bf\u03bb\u03bf\u03b3\u03b9\u03c3\u03bc\u03cc\u03c2 \u03a0\u03c1\u03bf\u03c3\u03c9\u03c1\u03b9\u03bd\u03ae\u03c2 \u03a6\u03bf\u03c1\u03bf\u03bb\u03bf\u03b3\u03af\u03b1\u03c2<\/strong><\/strong><\/p>\n The provisional tax is calculated on the profits that are expected <\/strong>to arise in the year 2021 for companies and self-employed persons.<\/p>\n Remember that the corporate tax rate is 12.5%.<\/strong><\/span><\/p>\n <\/strong><\/p>\n \u0395\u03c0\u03b9\u03b2\u03b1\u03c1\u03cd\u03bd\u03c3\u03b5\u03b9\u03c2:<\/strong><\/p>\n The late submission of the return and the late payment of the installments are liable to a penalty of 5% plus interest of 1.7% on the payable amount.<\/p>\n Legal entities and self-employed who expect to have profits in the year 2021 and do not pay provisional tax<\/a> will be liable to 10% additional tax on the tax payable for the specific year. The same applies for provisional tax payments that will not cover at least the 75% of the final profit for the year 2021.<\/p>\n The payment of the provisional tax is effected ONLY via the JCCsmart service. <\/strong><\/p>\n **********************<\/strong><\/p>\n Globalserve Consultants Ltd can offer and support you on company formation and management in Cyprus<\/a> and abroad as well as assist with bank account opening<\/a>, tax matters, legal advices, accounting, VAT, Social Insurance<\/p>\n |